Homeowners love to see their properties increase in value. But few enjoy the thorn that often comes with that rose: higher property tax bills.
Recently, Redfin looked at data from the 50 most populous metro areas in the U.S. to determine which places have seen property taxes jump since the beginning of the COVID-19 pandemic.
Redfin points out that, nationwide, property tax bills have gone up nearly 30% since 2019, but the average effective tax rate is actually down — at 0.67% now compared with 0.77% then. That is because home values have risen faster than governments have increased tax rates.
Still, that fact offers little solace to homeowners struggling to pay their tax bills. Florida has the most metros on the list of cities where property taxes are climbing fastest even though the top two slots went to cities in other states.
Here are the major metros where property tax bills have soared the most in recent years.
Indianapolis, IN
Change in median monthly property tax payment since 2019: Increase of 66.7%
Median monthly property tax payment as of August 2024: $205
Property taxes have risen so fast in Indiana that one poll found nearly half of residents — 48% — saying that it is the tax they most want to see reduced or eliminated. Politicians have unveiled several proposals to address such concerns.
Atlanta, GA
Change in median monthly property tax payment since 2019: Increase of 65.8%
Median monthly property tax payment as of August 2024: $239
Georgia voters recently approved a new state constitutional amendment that will cap annual increases in a home’s taxable value. The amendment will limit annual increases to no more than the rate of inflation so long as someone owns a property. Proponents say the measure would keep property taxes lower, while opponents say it would shift the tax burden to new homeowners and renters.
Jacksonville, FL
Change in median monthly property tax payment since 2019: Increase of 59.6%
Median monthly property tax payment as of August 2024: $228
Just as in Georgia, Florida residents recently passed a state constitutional amendment that will limit property tax increases. The measure ties the state’s homestead exemption to the broader inflation rate, as we detailed in “Florida’s Property Tax Break for Homeowners Is More Valuable in 2025.”
Other metros where property taxes have shot up
Here are the rest of the cities where property taxes have climbed by more than 35%:
- Tampa, FL: 56.7%
- Miami, FL: 48.1%
- Fort Lauderdale, FL: 48%
- Orlando, FL: 46.7%
- Fort Worth, TX: 44.1%
- San Antonio, TX: 43.4%
- Dallas, TX: 40.8%
- Seattle, WA: 38.6%
- West Palm Beach, FL: 37.8%
- Austin, TX: 37.6%
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